Some of my best friends are very rich -- people with condos on Central Park West and tastefully refurbished palazzi in Italy. The puzzle: Why do so many of them vote Democratic or praise the high-taxing European welfare state?
The village of East Hampton, the New York beach town where billionaire Ronald Perelman and fashion designer Calvin Klein own homes, plans to sell $3.3 million of general-obligation debt in its first bond issue since 2008.
East Hampton, New York, which counts comedian Jerry Seinfeld and entrepreneur Martha Stewart as residents, had its credit rating lowered by Moody’s Investors Service because of drained reserves and projected borrowing.
Goldman Sachs Group Inc. managing director Jason Lee pleaded not guilty to charges he raped a woman at his rental home in East Hampton, New York, the wealthy beach community on the east end of Long Island.
Alec Baldwin ordered the cherries. Martha Stewart recognized her cake stands displaying home-baked chocolate chip cookies. And the lemonade? Just 50 cents, one of the best (and only) bargains on the East End.